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    The Largest CRE Database in the US with Over 1 Million Listings

    4120-4122 Dixie Hwy Erlanger, KY 41018

    Sponsored
    For Sale
    $490,000

    COMMERCIAL - Erlanger, KY

    Property size:
    1,500 SF
    Lot size:
    0.30 Acres
    Days on Market:
    18
    Last Refresh:
    Jan 29 at 3:06 pm

    Property Features for 4120-4122 Dixie Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Window features
    Insulated Windows
    Rooms
    Basement
    APN
    003-40-05-049.00
    Parking features
    Garage, Parking Lot
    Interior features
    Drive In Door, Under 12 Feet Doors
    Exterior features
    Storage, Curbs, Rain Gutters, Sidewalks
    Basement
    Full
    Size
    1,500 SF
    Lot size
    0.30 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air, Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1946
    Floors in Building
    2
    Flooring type
    Vinyl, Carpet, Concrete
    Building materials
    Block, Brick, Shingle Siding
    Roof type
    Shingle
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Janell Stuckwisch

    eXp Realty, LLC (859) 992-1602

    Listing agent Janell Stuckwisch (859) 992-1602 License #210274

    Listing date Jan 12, 2026

    MLS# 637281

    Copyright © 2026 Northern Kentucky MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Erlanger Live/Work Commercial Property

    Located in Erlanger, Kentucky, this property is zoned Neighborhood Commercial (NC) and offers flexibility for live/work, small business, or investment purposes. It features a renovated 2-bedroom home with 1.5 baths, including a walk-in shower, second-floor laundry, and LVP flooring. The kitchen is equipped with a gas cooktop range, glass tile backsplash, and French-door refrigerator. A detached 40x38 garage includes office space, a half bath, and separate electric and water utilities, making it suitable for business operations, storage, or workshop use. The property includes approximately 9,800 sq. ft. of parking area. With 101' of road frontage on Dixie Highway and 146' on Rosebud, the location provides high visibility in a mixed-use corridor. The property size is 1500 square feet and the lot size is 0.3 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Erlanger
    County
    Kenton
    State
    Kentucky
    Longitude
    -84.608505
    Latitude
    39.011406

    Nearby Similar for Sale

    • $2,995,000
      13,620 SF

      Erlanger Warehouse with Highway Frontage

      Warehouse in Erlanger near I-71/I-75 and I-275.
      635 Viox Dr, Erlanger, KY 41018
      View Details
    • Contact for pricing
      80,625 SF

      Erlanger Warehouse Near Airport

      Erlanger warehouse with secure outdoor storage near CVG Airport.
      1499 Jamike Ave, Erlanger, KY 41018
      View Details

    FAQs

    What type of property is this?
    Live-work space - Unique live/work property with renovated home and detached garage/office.
    Where is this live-work space located?
    The property is located at 4120-4122 Dixie Hwy Erlanger, KY.
    What is the asking price?
    The asking price for this property is $490,000.
    What are key features of this property?
    This property features: - Zoned Neighborhood Commercial (NC) offering flexibility for live/work, small business, or investment.; - Detached 40x38 GARAGE with office space, half bath, and separate utilities suitable for business operations, storage, or workshop.; - High-visibility location with 101' of road frontage on Dixie Highway and 146' on Rosebud.
    (859) 992-1602
    Request Owner's contact information
    4120-4122 Dixie Hwy Erlanger, KY 41018
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    Erlanger, KY 41018
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4120-4122 Dixie Hwy Erlanger, KY 41018
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    We can help!
    Listing Contact
    Janell Stuckwisch
    Real Estate License ID: 210274
    (859) 992-1602
    Learn more
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